On November 20, the BRF, one of the world's largest food companies, announced the acquisition of a processed food factory in Henan province, China, in which it will invest around R$ 460 million to establish a position as a producer in China.

According to BRF, the investment represents a significant opportunity to expand the company's customer base and promote sales, and the decision also enhances the use of Brazilian raw materials, either from BRF itself or from Marfrig, which deals in beef protein and is the company's parent company.

The company also expressed that, of the approximately R$460 million, R$250 million will be invested in the acquisition and the rest for adjustments and the expansion of two hamburger lines. The investments should generate around 850 new jobs and double the factory's capacity of production to around 60,000 tons per year. The new production unit is expected to be operating under BRF management by the first quarter of 2025.

(Source: CNN Brasil, on November 20)